IHS Markit Economics' Composite PMI reading of Eurozone growth fell to 55.7 in June, down from 56.8 in the previous month and the lowest tally since February.
Markit's flash composite Purchasing Managers' Index (PMI) for Germany, which tracks the manufacturing and services sectors that account for more than two-thirds of the largest European economy, fell to a four-month low of 56.1 from 57.4 in May.
The PMI measures companies' willingness to invest in their business and so gives a good idea of how well the underlying economy is performing. Readings above 50 generally indicated economic growth.
By sector, the all important services index dropped to 54.7 points in June from 56.3 in May, while manufacturing edged higher, to 58.5 points from 58.3.
Employment gains were close to 20-year highs in manufacturing and the pace of job creation was also strong in the services sector at close to 9-year highs which will maintain confidence in labour-market trends.
Mithali Raj slams journalist when asked to name her 'favourite male cricketer'
Raj was attending the opening dinner and media roundtable event on the eve of the Women's World Cup. Lately, there have been a concerted effort to regularise pay for women's cricket.
IHS Markit chief business economist Chris Williamson stressed that the economy overall continued in sound health.
"The headline output index for Germany declined for the second time in three months during June, according to the flash estimate, but nevertheless remained at a level indicative of strong economic growth", said Markit's Trevor Balchin.
"Despite the June dip, the average expansion in the second quarter has been the strongest for over six years and is historically consistent with GDP growth accelerating from 0.6% in the first quarter to 0.7%", he said.
Scheduled for release later in the session, IHS Markit was also due to release its USA factory sector PMI for June at 1445 BST, followed by new home sales data from the Commerce Department at 1500 BST.
Comments